Topic: Bitcoin ATM's are popping up (Read 1088 times)
Not in my country. Few years ago Bitcoin ATMs were very popular and there were some Bitcoin enthusiasts who engaded for that so few ATMs popped up in very short time in different part of country. But then that stopped, no new Bitcoin ATMs recently and it seams that people don't actually use them. They have variety of different options to buy or sell Bitcoin without need to leave their house and go somwhere.
Sure. It,s actually a great way of earning some good amount of Fiat currency, by offering a trading facility to users.
While running own ATM, the owner can earn good amount of profit in market volatility. Still, it's a completely new idea, but soon will be accepted by many private and/or corporate vendors by investing own money.
This is giving an idea of the future economy which will be completely digital.
But now my question is in such condition of digital economy will it be really beneficial for the owner to run ATM for Bitcoin?
While running own ATM, the owner can earn good amount of profit in market volatility. Still, it's a completely new idea, but soon will be accepted by many private and/or corporate vendors by investing own money.
This is giving an idea of the future economy which will be completely digital.
But now my question is in such condition of digital economy will it be really beneficial for the owner to run ATM for Bitcoin?
Having Bitcoin ATM available in various cities is great no doubt about that but is the daily transactions from these ATM be enough to maintain the machines and probably pay space rentage it tax?
But it is much better that they will provide cryptocurrency atm tht just bitcoin atm what you think?because people now in this community are not just having bitcoin but also altcoins,so the many option they have is the most users they will getwow maybe this is what will make Bitcoin back to success, I really hope that with the existence of a bitcoin ATM it will make the price go up again. maybe this will make people interested in bitcoin again. I hope that more bitcoin ATMs will make it easier for us to do bitcoin transactions
Bitcoin ATMs had been around for how many years now,is this the first time you've heard about this?lolAnd besides in other asian countries (including ours)has already using 7/11 stores to purchase bitcoin,bitcoin cash,ripple and ethereum
Bitcoin ATM's are like Arcades vs. XBOX/PS/Nintendo consoles
You can travel to the big box and overpay for digital coins or someone will build an app where buyers and sellers can easily meet to exchange money for items near them in a community.
It's silly they want these boxes to take peoples dollar bills when the stores they are located in already have cash registers and staff. The person at the counter can take money and enter the amount of bitcoin to transfer the person... the fee could be lowered without the bulky box there to take the fiat.
You can travel to the big box and overpay for digital coins or someone will build an app where buyers and sellers can easily meet to exchange money for items near them in a community.
It's silly they want these boxes to take peoples dollar bills when the stores they are located in already have cash registers and staff. The person at the counter can take money and enter the amount of bitcoin to transfer the person... the fee could be lowered without the bulky box there to take the fiat.
Having Bitcoin ATM available in various cities is great no doubt about that but is the daily transactions from these ATM be enough to maintain the machines and probably pay space rentage it tax?
Las Vegas have had Bitcoin ATMs for a while now, so this is not new news anymore. 
The current distribution of installations across the countries can be found on , https://coinatmradar.com/countries/ to determine if you have a Bitcoin ATM in your area and how rapidly Bitcoin ATMs are being rolled out on a global scale.
I am just glad that these companies are still pushing forward, no matter what the price of Bitcoin are and even if people are hesitant to buy and sell bitcoins now.
wow, I just found out if there are websites that index Bitcoin ATMs all over the world. In the united states, have 2742 bitcoin ATM locations and I am sure in the future there will be many Bitcoin ATM locations that will be installed The current distribution of installations across the countries can be found on , https://coinatmradar.com/countries/ to determine if you have a Bitcoin ATM in your area and how rapidly Bitcoin ATMs are being rolled out on a global scale. I am just glad that these companies are still pushing forward, no matter what the price of Bitcoin are and even if people are hesitant to buy and sell bitcoins now.
It's a sign that Bitcoin is starting to gain ground in areas where Bitcoin ATMs are installed. In my country with over 7,100 islands, unfortunately there's only 2 Bitcoin ATMs. I am not expecting ATMs all over our country of course but just by looking at the ratio of 2 ATMs with 7,100 islands, our country still have a long way to go in embracing Bitcoin.
I think my place belongs to this island and i believe we are still not ready for this one compare to other countries. Well, this is still a good sign for adoption we can expect more Btc ATM especially on a rural places. Educate people first and it can help to increase the number of users and the demand for that ATM’s will grow also and some companies will be force to provide more BTC ATM.
Of course ATM Machines is not a new concept but Bitcoin Atm's are popping up because it is a great business and also a good concept to attract bitcoin users because even it is a digital currency transact via Internet there are occasions that service of a Atm machine comes in handy and companies who knows that a keen to place machines in urban areas to make profits out of it and also to provide best service possible
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:
https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Actually, Bitcoin ATM (Automated Teller Machine) is not new. A number of them are already installed in selected countries all over the world. There were already Bitcoin ATMs a few years ago. The number is of course increasing as Bitcoin is gaining adoption day after day. The good thing here is that some of these ATMs are not owned by crypto companies. Before, Bitcoin ATMs are owned by them. I am elated to know that the banks, at least in my country, are also joining the party and installed their own versions of Bitcoin ATMs, or crypto ATMs to be exact because they are also catering to altcoins such as ETH and LTC.
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:
https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
I have a feeling that huge casinos and gambling place will place a lot of bitcoin ATMs in the future. I'm seeing the benefits of what they can get with that because imagine those bigtime gamblers who does not need to withdraw from banks or make a long transaction before they can play again. Instead, they can just transfer their btc on that atm to withdraw fiat again.
It's a sign that Bitcoin is starting to gain ground in areas where Bitcoin ATMs are installed. In my country with over 7,100 islands, unfortunately there's only 2 Bitcoin ATMs. I am not expecting ATMs all over our country of course but just by looking at the ratio of 2 ATMs with 7,100 islands, our country still have a long way to go in embracing Bitcoin.
Bitcoin ATM has been in use in some countries and cities now, though in low supply. Only south Africa can pride themselves of having few bitcoin ATM terminals in the entire African continent. To increase the adoption of bitcoin and cryptocurrency in its entirety, africa needs to get as many bitcoin ATMs as possible, especially, Nigeria- the most populous black country.
This one is not surprising to me since I already read some articles testifying with this similar report. But the thing is what is the point of popping up of this machine for bitcoin is the charge fee for transaction is high. This would just inform the world about the realness of bitcoin but to those who knew about this will simply ignore it because of the high fee.
There are similar bitcoin ATMs here in the Philippines yet people seldom utilize them. I guess the problem revolves around the distribution of each ATMs as there are currently around two (2) working ATMs across the country. Given that the reputation of cryptocurrencies in the Philippines are still increasing, this implementation is bigger than we thought.
The only problem that people experience, like you said, are the transaction fees. I've known people who actually used the ATMs and they complained that the transaction fees are indeed, too high. Our local exchange platform offers various services and options and it is much more convenient than going to an ATM and withdrawing your bitcoins by converting them to fiat. Hopefully this problem gets addressed soon.
This is just a symbol or a sign that the Bitcoin is clearly but slowly being adopted in the system. Though, This ATMs are only available (as far as I know) on countries in which Bitcoin is legally accepted. Nevertheless, This year seems to creating a good implication to what Bitcoin could be on the future, aside to the recent fall of rates. Hoping that this is a good start for the advancement of the Crypto world.
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:
https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Maybe its better that the crypto ATM from banks must be spread than bitcoin ATM because this only offers single coin than crypto atm can provide many cryptocurrencies https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
No wonder that gamblers will be more interesting in withdrawals as they can use all the crypto assets than single coin
I will also benefits from this if chance that spreads in our region because i will be having chance to use some other coins
Dubai's first bitcoin ATM installed at Rixos Premium on JBR
Dubai residents and tourists can now buy Bitcoin through an ATM using just cash.
According to a Khaleej Times report, the UAE's first ATM that dispenses bitcoin is at the five-star Rixos Premium Dubai Hotel at JBR.
Buyers need present no documentation other than cash to buy bitcoin instantly. Customers will need need an Emirates ID or passport to sell the digital currency later, according to Anhad Dhingra, CEO, Amhora, which holds the licence for the ATM.
“At this kiosk, you just insert cash and you get Bitcoins instantly. It is possible to purchase Bitcoins through banking platforms and debit cards already but since we accept cash, it is very different. This is the first commercial Bitcoin kiosk in the city,” Dhingra was quoted by the report to say.
Dhingra’s ATM has been licensed by Dubai’s Department of Economic Development. There is a five percent commission on the total purchase for buying bitcoin through the ATM which transacts the currency in real-time exchange rates.
Dubai residents and tourists can now buy Bitcoin through an ATM using just cash.
According to a Khaleej Times report, the UAE's first ATM that dispenses bitcoin is at the five-star Rixos Premium Dubai Hotel at JBR.
Buyers need present no documentation other than cash to buy bitcoin instantly. Customers will need need an Emirates ID or passport to sell the digital currency later, according to Anhad Dhingra, CEO, Amhora, which holds the licence for the ATM.
“At this kiosk, you just insert cash and you get Bitcoins instantly. It is possible to purchase Bitcoins through banking platforms and debit cards already but since we accept cash, it is very different. This is the first commercial Bitcoin kiosk in the city,” Dhingra was quoted by the report to say.
Dhingra’s ATM has been licensed by Dubai’s Department of Economic Development. There is a five percent commission on the total purchase for buying bitcoin through the ATM which transacts the currency in real-time exchange rates.
Yes, it's true.
For example, in my country, Croatia, we got first btc ATM 2-3 years ago, I think, in the city center (Zagreb) but recently we got 2 more btc aTM, one in other city so btc atm's are spreading here.
It's good, specially for tourists with bitcoin for spend
In my country, bitcoin atm has also appeared, the number is similar as your country but instead of every bitcoin user can use bitcoin atm easily, my government has prevented it and said that using bitcoin is illegal and bitcoin ATM has been abandoned until now, no one dares to use it. Honestly, I'm not too concerned about bitcoin ATM because I believe very few people use it when spending bitcoin is not a story that people like to do, people just like to store and wait until it rises strongly For example, in my country, Croatia, we got first btc ATM 2-3 years ago, I think, in the city center (Zagreb) but recently we got 2 more btc aTM, one in other city so btc atm's are spreading here.
It's good, specially for tourists with bitcoin for spend
Some businesses in the Las Vegas area have Bitcoin ATM (automated teller machine) for their customers to use:
https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Adoption is increasing. As we can see on different countries, bitcoin ATM also popping, not only in Las Vegas. Bitcoin ATM is one of the biggest tools to increase the users of bitcoin, as time goes by, bitcoin transactions are increasing. This is a good sign for adoption on Bitcoin. But there is recent news about Bitcoin double spenders scam. https://thenextweb.com/hardfork/2019/03/14/double-spenders-scam-150000-bitcoin/ https://www.youtube.com/watch?v=BrL4Zgr6vfw&t=
Globally the number of Bitcoin ATMs has increased very much. Even in my country I saw last month 2 new machines. These are good news as they are a sign that demand is on an ascendant path and this should translate soon into a price increase.
Cryptocurrency atms is a major upgrade on the network and it affords customers easy accessibility and convenience
The only bad side is that it hasn't really spread far and wide, it's still only in few areas you can find one or two, I think with time and with more machines it'll reflect in bitcoin adoption and acceptability
Bitcoin ATM's are not something new since they have been existing since 2013 when first bitcoin ATM was opened. But in the last months, especially in the middle on 2018 they started to get more popular. Right now according to some statistics I found there are around 4400 bitcoin ATM's existing in the world and you can't say that's little. Of course, when we take in consideration there are hundreds of cities where people use bitcoin this number seems low but still I consider there are quite a few of them out there and its not that hard to find one that's near you. The only bad side is that it hasn't really spread far and wide, it's still only in few areas you can find one or two, I think with time and with more machines it'll reflect in bitcoin adoption and acceptability
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